Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Disqualification from participating in the tender - The High Court held that in the absence of a specific clause in the tender document mandating such compliance, the disqualification was incorrect. The Supreme Court disagreed with the High Court's reasoning, citing the importance of explanatory notes as integral parts of the Balance Sheet according to Section 134(7) of the Companies Act.
Disqualification from participating in the tender - The High Court held that in the absence of a specific clause in the tender document mandating such compliance, the disqualification was incorrect. The Supreme Court disagreed with the High Court's reasoning, citing the importance of explanatory notes as integral parts of the Balance Sheet according to Section 134(7) of the Companies Act.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
